Franklin India Feeder - Franklin European Growth Fund

The Franklin India Feeder – Franklin European Growth Fund is an open ended fund investing in overseas markets in order to provide capital appreciation. It invests primarily in units of Franklin European Growth Fund, which in turn invests in securities of companies which have principal businesses in Europe.

Type or nature of fund

Franklin India Feeder – Franklin European Growth Fund is an open ended fund of funds scheme.

Investment objective

The primary objective of Franklin India Feeder – Franklin European Growth Fund is to invest in overseas markets, specifically in units of Franklin European Growth Fund which in turn invest in securities of companies incorporated in and having their main business in Europe in order to offer capital appreciation.

Fund information

Inception date May 19, 2014
CRISIL rank Not ranked by CRISIL
  • Growth Plan
  • Dividend Plan (Offers reinvestment and payout option)
  • Direct Growth Plan
  • Direct Dividend Plan (Offers reinvestment and payout option)
Entry load Nil
Exit load 1% for redemptions within 18 months of allotment
Minimum investment Rs 5,000
Product label – Risk and target investors High Risk product designed for investors looking for long term capital appreciation by investing in an overseas equity fund which deals primarily with European companies.
Benchmark MSCI Europe Index
  • MSCI Europe Index is a benchmark for large and mid cap representations spread across 15 developed markets in Europe, covering 85% of all free float adjusted market capitalization.
SIP (Systematic Investment Plan)
  • Rs 500 (12 SIP investments worth Rs 500 each - minimum)
SWP (Systematic Withdrawal Plan) Yes. Investors with a minimum account balance of Rs 25,000 can opt for either a Monthly or quarterly option with a choice between fixed and capital appreciation.
STP (Systematic Transfer Plan) Yes. Redeemed units should be reinvested in another scheme.
Redemption Minimum Redemption Amount – Rs 1,000.
Taxation (on investment and on redemption) Investors should consult their tax adviser to get an exact picture of tax implications arising out of their investment in this scheme.

Fund managers

Franklin India Feeder – Franklin European Growth Fund is managed by Mr. Neeraj Gaurh.

Mr. Neeraj Gaurh

Designation and Work

  • Mr. Gaurh is a research analyst at Franklin Templeton India and is in charge of research in retail, logistics and agricultural sectors.
  • Mr. Gaurh has been in this industry for four years, having worked with ICICI Bank and Nomura Securities before joining Franklin Templeton.


  • Mr. Gaurh holds an MBA from IIM, Kozhikode and a BE from MNIT, Jaipur. He is also a CFA Charterholder.

Investment philosophy or strategy

Franklin India Feeder –Franklin European Growth Fund is a passively handled fund which uses bottom-up research to find securities which match its investment goal. The fund aims to track and identify companies which have performed well in the past and those which hold a competitive edge over competitors, with a primary focus on companies across different sectors. This fund works closely with Franklin European Growth Fund to deliver on its objectives.

Portfolio – Sector / Top 10 holdings

Company Industry Percentage
Euler Hermes Group Insurance 5.63
Prysmian Spa Cables 5.18
International Personal Finance PLC Finance 4.69
Banca Generali Banking 4.69
Legrand SA Infrastructure 4.6
Mediaset Espana Comunicacion SA Television 4.51
Sanofi Healthcare 4.37
C&C Group PLC F&B 4.33
BPOST SA Postal 4.12
Ashmore Group PLC Investment 4.1

Risk measures

Franklin India Feeder – Franklin European Growth Fund is a relatively new fund and there are no risk measures for this fund yet.

Sharpe ratio (Annualized) N/A
R-squared N/A
Beta N/A
Standard Deviation N/A


AUM Rs 50.53 crores (as of May 29, 2015)
NAV (as of 04/09/2015)

Dividend – 8.90

Growth – 8.90

Direct Dividend – 9.05

Direct Growth – 9.05


The compounded annualized returns provided by Franklin India Feeder – Franklin European Growth Fund in comparison to market returns are shown in the table below.

Period Scheme returns MSCI Europe Index
1 year -11.50% -3.25%
3 years 20.19% 19.43%
5 years 15.18% 12.69%
Since Inception 13.62% 10.26%

Expense Ratio

The current expense ratio of Franklin India Feeder – Franklin European Growth Fund is 1.83% for regular and 0.61% for direct (As of July 31, 2015).

Expert view of the fund

Franklin India Feeder – Franklin European Growth Fund offers a unique opportunity for Indian investors to be associated with European markets. While the fund in itself is relatively new, it has found quite a few takers in this short period. European markets might not be the strongest ones in the current economic scenario but still provide a decent investment opportunity, provided the investments are smart. The market MIGHT pick up in the near future and could be a bonanza for investors who have put their trust and faith into this fund or it could stay at its current level, which could make the investments a poor choice.

How to apply – online + distributors

Individuals looking to register for Franklin India Feeder – Franklin European Growth Fund can do so in two ways, online and offline. Investors who prefer the online mode need to log onto the official website of Franklin Templeton India and follow a few basic steps listed on the website. They are required to provide a few essential details like their mobile numbers, email id, PAN and bank information in order to successfully register for this plan.

The offline registration process can be done at authorised distributors/banks and one needs to fill up an application form (KYC) providing all relevant information and submitting it to the relevant authority.

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